Nuveen Real Asset Income and Growth Fund (NYSE:JRI – Get Free Report) announced a monthly dividend on Tuesday, September 1st. Stockholders of record on Tuesday, September 15th will be paid a dividend of 0.1335 per share on Thursday, October 1st. This represents a c) dividend on an annualized basis and a dividend yield of 13.3%. The ex-dividend date of this dividend is Tuesday, September 15th.
Nuveen Real Asset Income and Growth Fund Price Performance
JRI opened at $12.08 on Thursday. The business has a fifty day simple moving average of $12.75 and a 200-day simple moving average of $12.77. Nuveen Real Asset Income and Growth Fund has a fifty-two week low of $11.67 and a fifty-two week high of $14.37.
Hedge Funds Weigh In On Nuveen Real Asset Income and Growth Fund
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. First Trust Advisors LP raised its holdings in Nuveen Real Asset Income and Growth Fund by 0.8% during the 2nd quarter. First Trust Advisors LP now owns 118,098 shares of the company’s stock worth $1,594,000 after buying an additional 923 shares during the period. SeaCrest Wealth Management LLC boosted its holdings in shares of Nuveen Real Asset Income and Growth Fund by 4.6% in the third quarter. SeaCrest Wealth Management LLC now owns 26,149 shares of the company’s stock worth $369,000 after buying an additional 1,141 shares during the period. NewEdge Advisors LLC increased its position in shares of Nuveen Real Asset Income and Growth Fund by 4.9% in the third quarter. NewEdge Advisors LLC now owns 28,219 shares of the company’s stock worth $402,000 after acquiring an additional 1,311 shares in the last quarter. Harbour Investments Inc. increased its position in shares of Nuveen Real Asset Income and Growth Fund by 1.9% in the fourth quarter. Harbour Investments Inc. now owns 72,680 shares of the company’s stock worth $989,000 after acquiring an additional 1,327 shares in the last quarter. Finally, Private Advisor Group LLC raised its holdings in shares of Nuveen Real Asset Income and Growth Fund by 1.3% during the first quarter. Private Advisor Group LLC now owns 139,914 shares of the company’s stock valued at $1,721,000 after acquiring an additional 1,750 shares during the period.
About Nuveen Real Asset Income and Growth Fund
Nuveen Real Asset Income and Growth Fund (NYSE: JRI) is a diversified, closed-end management investment company managed by Nuveen Advisors, LLC. The fund seeks to deliver a combination of income and capital growth by investing primarily in securities tied to real assets, including real estate investment trusts, infrastructure funds, master limited partnerships and other real asset-related equities. Launched on March 1, 2007, JRI provides investors with exposure to physical assets that can serve as an inflation hedge while pursuing consistent distribution streams.
The fund employs an active, research-driven approach to portfolio management, targeting high-quality issuers whose businesses benefit from long-term demand trends in sectors such as utilities, energy infrastructure, transportation and agriculture.
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